How To Make Money Selling Stuff Online

There’s no excuse for hoarding all your unwanted items in storage, because the huge range of marketplace sites on the internet has made it simple to sell stuff online.

Where Can You Sell Things Online?

The best-known e-commerce website is eBay. Millions of people buy and sell products from over 190 countries every day. Other sites include:

Etsy

Gumtree

Depop

Folksy

How Can You Sell Your Unwanted Items Online?

If you’re feeling a bit overwhelmed, here’s a snapshot of the most popular online marketplaces and how you can use them to sell stuff online.

eBay

You can use eBay to sell unwanted items that are cluttering up your home, or you can open an eBay shop and become a full-time entrepreneur.

Before you can sell on eBay you must take the following steps:

Register an account

Provide details of your bank account, credit or debit card

Select an account they can use to withdraw your seller fees

Identify which payment methods you’ll accept from your customers i.e.

PayPal

Bank transfer

Escrow

Card payments

Payment in person

If you don’t have a PayPal account, now is the time to consider getting one because it is the most popular payment method on this website.

Once you’ve created a seller account, make sure your feedback is public. Feedback is an important part of selling on eBay. Most customers look for sellers with good reviews. This means that it might take a while to sell your first item, but once that’s done you’ll have started the ball rolling.

You receive positive feedback by supplying and delivering the items as described as quickly as possible in well-packaged parcels to protect them from damage.

If you want to open an eBay shop you will need to follow these steps:

Subscribe to eBay Shops

Enter a unique seller name

Design your marketplace

Select your categories

List your items for sale

The amount you pay in fees varies, each listing is charged, but you can also do multiple listings to save money. After that, you pay commission on what you’ve sold and shops pay a monthly fee on top of that.

Etsy

Etsy is a global marketplace which was founded in 2005. It says it has 1.8 million active sellers and 30.6 million buyers.

At Etsy, you can sell craft supplies, handmade goods or vintage items. To start your Etsy marketplace, follow these steps:

After that, it’s simply a case of waiting for buyers. You don’t pay any monthly fees with Etsy. You pay a listing fee, a transaction fee and a small processing fee.

Gumtree

Gumtree is the UK’s number one classified advertisement site. It has around a million new ads placed on the site weekly. Gumtree keeps in touch with its customers via their Facebook and Twitter accounts.

Ads are generally focused around local areas and goods can be collected by hand or alternatively delivered by a handy van service in the case of larger items.

In order to sell with Gumtree, you must:

Register with the site

Choose your categories

Add your location

Begin writing your ads

While most adverts on Gumtree are free; property, motoring and job listings have to be paid for. You can also pay extra to add features to your advertisement such as ‘spotlight’ priority or an ‘urgent’ banner.

Depop

Depop is a buying and selling app which appeals to consumers who like to browse on their smartphones. It’s used by people globally and the format is very similar to Instagram. Sellers post photographs of the items they want to sell with a description, shipping details and the price. Depop take 10% of the total sale price including shipping and other small charges apply depending on the type of sale.

Follow these steps to set up your seller account:

Download the Depop app in the App Store or Google Play

Either sign up with your Facebook account or email (the latter option requires you to provide more details)

Choose a username & password

List your products

Folksy

Folksy is a UK based marketplace created for buyers and sellers of handmade and designed goods. To become a seller you must be a resident of the UK. You can open a shop or sell individual items with customers paying through PayPal.

To begin selling on Folksy you must:

Register a profile

Link your PayPal account

List your items or open up a ‘shop’ which needs a name and unique imagery

There are two payment methods available to sellers. The first one is to pay a small commission for every item listed, the second is to take out a yearly membership with unlimited listings – Folksy then charge you 6% commission on what you sell.

Now you know a little bit about each marketplace you can have a sort out and sell stuff online easily and cheaply.

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